DSS Promotes Todd D. Macko to CFO
August 17 2021 - 8:30AM
Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating business segments
in blockchain security, direct marketing, healthcare, consumer
packaging, real estate, renewable energy, and securitized digital
assets, today announced Todd D. Macko has been promoted to Chief
Financial Officer effective August 16, 2021.
Mr. Macko is a Certified Public Accountant with
over 25 years of financial management, corporate strategy, and
executive business leadership, and brings a wealth of experience to
his role at DSS with strengths in financial planning, analysis,
business process re-engineering, budgeting, financial reporting
systems, project evaluation, mergers and acquisitions, and treasury
and capital management.
Prior to his role as interim-CFO, Mr. Macko
served as Vice President of Finance for DSS. As the VP of
Finance, Mr. Macko’s responsibilities included assisting in all
aspects of financial and regulatory reporting. In addition, his
responsibilities also included the day-to-day management of the
company’s Accounting and Finance team and the financial leadership
in the directing and improving of the accounting, reporting, audit,
and tax activities. Prior to his role as Vice President of Finance
for the Company, Mr. Macko joined the wholly owned subsidiary of
DSS, Premier Packaging Corporation, in January 2019, as its Vice
President of Finance.
Prior to joining the Company, Mr. Macko served
as the Corporate Controller for Baldwin Richardson Foods, a leading
custom ingredients manufacturer for the food and beverage
industry from November 2015 until January 2019. Prior to that, Mr.
Macko served as the Controller for The Outdoor Group, Genesis
Vision, Complemar Partners, and Level 3 Communications. Mr. Macko
obtained his Bachelor of Science in Accounting from Rochester
Institute of Technology.
“Todd has proven highly effective as our
interim-CFO, and I am confident he will continue to provide
significant value as Chief Financial Officer,” stated Frank D.
Heuszel, CEO of DSS. “His diverse strengths in financial
analysis, budgeting, business strategy, and mergers and
acquisitions, combined with now years of experience here at DSS,
enable Todd to provide tremendous support to our growing
organization as we continue to execute on our long-term vision and
strategy.”
“Todd has been a great asset and key contributor
across multiple strategic initiatives since joining DSS,” added
Jason Grady, COO of DSS. “His leadership experience, financial
acumen, and strong understanding of our diverse operations make
Todd the ideal candidate for this important position. I have been
impressed with Todd since first meeting him several years ago, and
I am pleased to welcome him to his new role."
About Document Security Systems, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman, Mr. Fai Chan, a
highly successful global business veteran of more than 40 years
specializing in corporate transformation while managing
risk. He has successfully restructured more than 35
corporations with a combined value of $25 billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking
statements that are made pursuant to the safe harbor provisions
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, statements related to the Company's intended use of
proceeds and other statements that are not historical facts.
Forward-looking statements are based on management's current
expectations and are subject to risks and uncertainties that may
cause actual results or events to differ materially from those
projected. These risks and uncertainties, many of which are beyond
our control, include: risks relating to our growth strategy; our
ability to obtain, perform under and maintain financing and
strategic agreements and relationships; risks relating to the
results of development activities; our ability to attract,
integrate and retain key personnel; our need for substantial
additional funds; patent and intellectual property matters;
competition; as well as other risks described in the section
entitled "Risk Factors" in the prospectus and in our other filings
with the SEC, including, without limitation, our reports on Forms
8-K and 10-Q, all of which can be obtained on the SEC website at
www.sec.gov. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date on
which they are made and reflect management's current estimates,
projections, expectations and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
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